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Russia USD Curve Outperforms Local OFZs

RUSSIA
  • Local curve mostly unch following a 3bp push higher in the middle (7-10Y).
  • 2Y closed marginally lower after rejecting 4.60 Res (Dec 22 high).
  • Russian USD curve continues to outperform this week.
  • 30Y drifted -4.3bp lower, taking out 3.30 support , but has eased 0.5bp higher this morning.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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